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MP Mahinda Rajapaksa: Twice ‘FALSE’ on GDP growth

18 February 2019 09:00 am - 6     - {{hitsCtrl.values.hits}}

A A A

  1. During the 9 years he was President, the average growth rate of the economy was 7.4 percent; and
  2. During that time period, per capita income of the country saw a threefold increase.

(Link to the speech: http://bit.do/MRspeech) 


All fact checking data, extracted from Central Bank reports, and the relevant calculations are given in Exhibit 1. 


What was the rate of GDP growth in the 9 years, 2006-2014? 


Column A shows that the average growth rate in the period claimed was 6.4 percent, not 7.4 percent. As such, the first claim made by MP Rajapaksa was classified as ‘FALSE’.


By how many multiples did per capita income of the country increase in that period? 


The numbers in Column E (dividing 206,644 by 124,862) gives the multiple as 1.65, and not 3, as mentioned by MP Rajapaksa. Thus, the second claim was also classified as ‘FALSE’.

 

 

This is an extract from a fact check published on the @factchecklka Facebook page on 10 December 2018. 
For a more detailed analysis, please see: www.factcheck.lk.

FactCheck is a platform run by Verité Research. 
For comments, suggestions and feedback, please visit www.factcheck.lk.  

 

 

  Comments - 6

  • Rani Tuesday, 19 February 2019 05:45 AM

    This Rajapassa family knows only how to check the balances in their bank accounts swelling with ill gotten money.

    parakum Tuesday, 19 February 2019 02:44 PM

    He can convince only the Gullible Buffallow

    Ozman Tuesday, 19 February 2019 09:31 PM

    We saw real development under his regime. Now only corruption.

    Maithripala Wednesday, 20 February 2019 07:46 AM

    At least the economy was growing and not going backwards as it is under Ranil!

    Jude Tissera Wednesday, 20 February 2019 11:51 AM

    Its time we get rid of all these culprits and have a new breed of politicians and political templates implemented in SL.

    Persona Thursday, 21 February 2019 02:45 AM

    World refers to SL as an example to show how it was debt trapped by China under the disguise of "Development" . Selling SL is not development irrespective of any party or person.


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